South Korea's Samsung breaks sales, profit records

Samsung also said its net profit soared 89 percent year-on-year to reach 11 trillion won ($9.88 billion) - a trillion won higher than estimated by Yonhap Infomax. The chips unit posted 8 trillion won ($7.2 billion) in operating profit, or almost half the group's total.

While Mr Lee and Ms Park battle allegations of bribery and other charges, Samsung is thriving thanks to tiny microchips called DRAM and NAND memory chips, which are needed to store and process data in servers and mobile devices.

This strong demand did lead to Samsung paying higher component costs but there was still a large increase in the earnings of its mobile division thanks to the release of the new Galaxy S8 and S8+. That demand, coupled with a tight supply, has seen the price of memory chips shoot up over the previous year, bringing an unprecedented level of profitability to suppliers such as Samsung.

Though Samsung is the world's leading smartphone maker, it was bumper demand for memory chips that drove the company's earnings to new heights. Analysts expect the iPhone maker to report revenue of $44.9 billion and an operating profit of $10.5 billion, according to Reuters and Bloomberg data.

The Journal said Apple has a projected net income of $8.2 billion for the three-month period, in what is traditionally a weaker quarter for the world's most-valuable company. Samsung has said it plans to spend $18 billion in the next four years to expand memory chip production capacity at its South Korean plants.

For the mobile business, revenue increased 11 percent to 29 trillion won but profit fell by 3 billion won to 4 trillion won. The rising use of vehicle connectivity and the "internet of things" is expected to drive still further demand for the chips that have helped Samsung move ahead, at least for now.

Share

Related Articles

Did Kem and Amber deserve to win? In the ultimate test of their love for one another, Kem opted to share the money with Amber. A third wrote: "They didn't even show Tyne-lexy in the little summary video #LoveIslandfinal #loveisland" [sic].

The historic total solar eclipse happening next month will take place during Nashville's Italian Lights festival. Also, in mid-August, the Journal will run an informational page with more details about the eclipse.

We don't know about you, but all the excitement of welcoming the first female Doctor to the TARDIS has left us pretty exhausted . Colin Baker , who took over from Davison on Doctor Who as the 6th Doctor in 1984, bluntly disagreed.

The point, however, is that companies do stand to benefit a lot from the home mapping data acquired by the cleaning robot . Angel said users would need to opt-in to share home mapping data , but didn't detail how that opt-in would take place.

Cowboys Head Coach Jason Garrett summed up how Dallas views Ezekiel Elliott on and off the field, "I think Zeke's a smart guy". But hey, if you've made it this far, you've read over 500 words about the 29th iteration of that press conference...

But Mithali praised her team-mates for their show in the World Cup and blamed inexperiece for their defeat in the summit clash. Then the dramatic collapse happened, with India losing seven wickets for just 28 runs to be all out for 219 runs in 48.4 overs.

On the long 15th he drained a huge eagle putt across the green to recapture the lead, and another birdie on 16 took him two clear. Speaking after being presented with the Claret Jug on the 18th green, Spieth said: "This is absolutely a dream come true for me".

Monaco had already left Mendy out of their 23-man squad for this weekend's friendly against Sporting Lisbon in Portugal. While at Monaco, Mendy played 34 times for the club and helped them to win their first Ligue 1 title in 17 years.

JNU has organised a programme to commemorate India's victory on Kargil war and to pay homage to Indian Army and the Kargil Martys. He said that an army tank can remind students of the sacrifices and valour of the soldiers.

An Afghan policeman keeps watch during a demonstration by Afghanistan's Hazara minority in Kabul , Afghanistan July 23, 2016. He said they retook a checkpoint captured by the Taliban when the airstrike occurred.

Since the beginning of 2016, the couple jointly earned at least $100 million and hold at least $206 million in combined assets . Ivanka's Book Deal Included A $787,500 Advance The self-help book "Women Who Work" was released by Penguin Random House in May.

Latest news

Is the end near for MS Paint?
Besides the new feature, the new version will also have photo-editing and 2D creation, line and curve tools . Paint may be standard when it comes to quick, simple sketches, but it has been far outpaced by other options.

Kerala High Court rejects actor Dileep's bail plea
He also added that Dileep could influence the witnesses from the Malyalam fim industry and sabotage the investigation and trial. Police could not find anything to connect Dileep to the crime despite questioning him for many hours.

Takata airbag recall impacts some brands twice
The problem may lie with the moisture-sensitive nature of the ammonium nitrate chemical used in Takata inflators. The safety concerns surrounding Takata airbags stem from the airbag's metal inflator unit.

Protestors call for justice over Damond death
Mayor Hodges is now facing criticism herself, as protestors outside a City Hall news conference called for her resignation. When Damond approached the officers' squad auto , one of the officers fired one shot at Damond, fatally wounding her.

Instant Updates from the Comic-Con Panel
And though they didn't give too much away, they did provide some interesting insight into where their characters are going next. The panel, which runs from 1:30 - 2:30 Pacific Time will be moderated by a special, yet-to-be-revealed Westerosian guest.

Kerala Congress MLA held on rape charge, says won't resign
Vincent had moved for anticipatory bail from a court here, but with his arrest taking place he will now seek bail on Monday. Earlier in the day, the special investigation team interrogated him for almost four hours at the MLA Hostel on Saturday.

Google to add 'news feed' to website and app
Google says it will take into account your interest level, feeding your obsessions more frequently than your passing fancies. Google and other social networking sites such as Facebook , are craving for attention online and for advertising revenue .

Boasson Hagen wins 19th stage of Tour de France
With such a mighty team around him, Froome was able to largely control the race but he knows it was close . Barguil and Matthews, who are rooming together at the race, have a pair of stage wins apiece.

Amazing Grace hits first 62 in a major at The Open
To make matters even more unbelievable , Grace did this after shooting 74 the round before during some brutally bad weather. He made eight birdies with no bogeys to become the first player to shoot a 62 in the 442 major championships contested.